View Certificate Of Deposit Definition Economics Images
View Certificate Of Deposit Definition Economics Images. This financial security can be exchanged in a secondary market. Certificate of deposit is a financial document or contract offered by a financial institution normally with a fixed return over a particular period of time.
What Is A Cd Certificate Of Deposit Account And How Do They Work from bettermoneyhabits.bankofamerica.com
A certificate of deposit (cd) is a money market instrument issued by a bank to raise funds from the secondary money market. It an investment that pays a higher interest rate than a savings account. It is issued for a specific period for a fixed amount of money.
A deposit at a bank or other financial institution that has a fixed return (usually via an interest rate) and a set maturity.
Definition of certificate of deposit in the definitions.net dictionary. Share certificates, which are the credit union version of cds, are also low risk, as they're insured. A certificate issued by a bank to a person depositing money for a specified length of time. A certificate of deposit (cd) is a money market instrument issued by a bank to raise funds from the secondary money market.
